Credit Suisse Employee Reviews about "senior management"

Updated Jan 18, 2021

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Found 175 of over 7,699 reviews

3.9
79%
Recommend to a Friend
84%
Approve of CEO
Credit Suisse CEO Thomas Gottstein
Thomas Gottstein
666 Ratings
Pros
  • "Healthy work environment among teams(in 280 reviews)

  • "Lot of internal mobility options and great career progress(in 242 reviews)

  • Cons
  • "Good work life balance can become a comfort zone(in 232 reviews)

  • "Too much favouritism my senior management(in 117 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "senior management"

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    1. 4.0
      Current Employee, more than 10 years

      Working in CS

      Feb 4, 2020 - Commissioned Officer in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Supports your career development through internal mobility. flexible working hours depending on your role.

      Cons

      lack of vision from senior management.

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    2. 3.0
      Current Employee, more than 3 years

      Attractive pay package but corporate culture is lacking

      Oct 27, 2020 - Vice President in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Attractive pay package and benefits - Management is pro work life balance

      Cons

      - Poor communications from senior management - Lack of clarity and direction most of the time - Likes to spend on tech that does not necessarily do the job

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    3. 3.0
      Current Employee

      Diversity Focus

      Jan 11, 2020 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Diverse and talented workforce. Low turnover at senior and middle management level, a good place to work and management supports flexi working.

      Cons

      Glass ceiling effect from low turnover at middle and senior management level. Long hours.

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    4. 3.0
      Current Employee, more than 5 years

      Decent place if you are looking for stability - Nothing else

      Jul 1, 2019 - Anonymous Employee in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent pay (depending upon how much you impress your manager, and how much dependent team is on you)

      Cons

      Senior management don't understand what their reporting teams are working on, and when is there is something new, everyone wants to build the same thing( and wasting so much of money, by doing duplicated work)

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      1 person found this review helpful
    5. 1.0
      Current Employee, more than 5 years

      Poor management and just keeps getting worse

      Jun 12, 2019 - Anonymous Employee in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pretty good on Internal mobility

      Cons

      - Senior management are incompetent and out of touch - all the quality people have left and remaining are overpaid and incompetent especially the ones at the top - massive cost cutting and redundancy in all parts of the bank. Experienced and competent staff are let go and replaced by people that are not even from banking industry - constant restructuring resulting in loss of direction, increased operational risks, lack of cohesiveness and massive inefficiencies - salary is below market benchmark - bonuses are low despite good profit performance. Senior management keeps a big chunk for their own bonuses and leaves little for people below - due to cost cutting measures, it’s common to see one person performing a 2-3 person scope. No work life balance as a result.

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      2 people found this review helpful
    6. 1.0
      Former Employee

      Avoid like the plague

      Feb 14, 2019 -  
      Recommend
      CEO Approval
      Business Outlook

      Pros

      None at all. The place is horrible.

      Cons

      There is a very deep rot in Credit Suisse. They include "Integrity" and "Respect" in their Ethical Values, but they have none. Especially their senior management in Asia Pacific, and their cronies. They victimize staff and gang up against those who do not do their bidding. These people have no integrity and do not treat anyone with respect. Everything is a facade and what really goes on is beyond reason.

      4 people found this review helpful
    7. 4.0
      Former Employee, more than 5 years

      Legal & Compliance Officer

      Aug 25, 2018 - Assistant Vice President in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work/ Life balance; career development; mentorship by senior management

      Cons

      Lack of security; restructuring of headcount

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      1 person found this review helpful
    8. 1.0
      Former Employee, more than 1 year

      Warning: Do your due diligence and consider carefully before accepting

      Aug 9, 2018 - Middle Office in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Health benefits and that is just about it; apart from the strong brand name and reputation.

      Cons

      Organization Structure i) Due to budget cuts, certain departments have become very lean. Many departments are top heavy with ratio of one actual working analyst/executive to 4 directors (managers and above). ii) Frequent restructurings occur due to change in senior management. Most of them are politically driven which affect the day-to-day work and “business-as-usual” of the lower level. iii) Like most organizations, internal politics are common. Innocent employees will get caught in the crossfire. Poor Management and Weak Culture. i) Weak company results led to low bonuses (for certain departments) and huge attrition. They would rather hire contract staffs and keep resources lean. In view of the low bonus and high contract staffs, most employees have a very “silo” style of working. Employees carry a “watch-your-own-back” and disengaged attitude at work to protect themselves first. ii) The huge attrition reflects weak culture and poor management. iii) Internal processes are lacking or lost in transition due to staff attrition and offhsoring. Knowledge has been lost in some cases. Most of the best practices are either verbal or handed over from generation to generation without proper documentation. New joiners will not have a clear picture of certain processes and/or how things are done and handled. iv) As a result of the attrition and restructuring, roles were filled by employees with little or no relevant experience in order to quickly fill in the vacancies/new roles. The poor job fit saw the hiring of leaders or managers with the inability to make effective decisions, poor leadership and ineffective management skills. This also led to mismanagement in the career of the affected employees. v) Very slow career progression (below average) with almost no visible path for development. Depending on department, management makes promotion almost unattainable. Inefficient Management of Resources i) Offshoring and Globalization of resources resulted in internal inefficiencies. Work related issues ranging from HR to IT are remotely operated. A lot of time is wasted on sending screenshots and waiting for someone in another time zone to respond to your issues. Cultural and language issues have not been considered when the company decides to offshore these functions, e.g. first and last name wrongly reflected in the main intranet system by someone from another region who is not familiar with the first and last name of the people from that particular region resulting in a lot of time being wasted to rectify the error as this was also fed into other systems maintained by other teams. A lot of simple issues could be resolved easily with just having someone onsite and without having unnecessary tickets to be raised in addition to having few different people from different parts of the world contacting the person for the rectification works. ii) A lot of work that has been offshored have processes that were either lost in translation or transition. Some of these resulted in a lot of internal inefficiencies in having to try to understand changed or new processes that came with the offshoring resulting in possibly some duplication of work or unnecessary work. Offshoring and Contract Hiring led to Substandard HR Practices i) The exit interview is conducted via an automated online survey that is crafted in a conniving manner that does not allow the employee to clearly explain the main reason(s) for leaving. ii) The lack of interaction from HR also shows that the company does not value its employees

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      14 people found this review helpful
    9. 4.0
      Former Employee

      Great place to develop

      Feb 16, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of opportunities to excel and take a lead if you are vocal and eager to prove yourself

      Cons

      Senior management sometimes did not understand daily challenges faced day to day

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    10. 2.0
      Former Employee, more than 3 years

      Political environment

      Jan 14, 2018 - Compliance in Singapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Reasonable pay and other benefits. Friendly and supportive peers.

      Cons

      Toxic culture across teams. Even the promotion scheme is politically driven. Senior management does not know how to engage employees on the working level.

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      3 people found this review helpful
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